THOUGH some international companies are still in a wait-and-see mood before pouring their money into Myanmar, the nation remains confident that it can attract heavy investment this year, thanks to its ambitious Myanmar Investment Promotion Plan (MIPP). Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations, said at a workshop […]
Read MoreSK Group is investing $1 billion in Vietnam’s largest privately owned group, the Vingroup Joint Stock Company, adding momentum to its business expansion in the Southeast Asian country, company officials said on Thursday. South Korea’s third-largest conglomerate signed a deal in Hanoi to acquire 6.1 per cent of the Vietnamese group’s shares at $1 billion, […]
Read MoreThe government recently set a target to recycle all plastic in the country by 2030. While this ambitious goal is a solid start, Thailand needs to make serious changes to its physical recycling efforts and regulations governing recycled plastic. Namely, a change to a regulation that forbids recycled plastic or recycled-polyethylene terephthalate (r-PET) being used in […]
Read MoreThe government targets a tax to gross domestic product (GDP) ratio of 11.8 to 12.4 percent in 2020, compared to this year’s target of 12.2 percent. In 2018, the tax to GDP ratio was 11.5 percent. The figure was proposed by Finance Minister Sri Mulyani Indrawati to the House of Representatives in the plenary session […]
Read MoreSINGAPORE: Singapore’s annual economic growth slipped to the lowest in nearly a decade in the first quarter led by a slump in manufacturing, final data showed on Tuesday, prompting a downgrade to the city-state’s full-year growth forecast. Gross domestic product (GDP) expanded 1.2% year-on-year in the three months ended March 31, down slightly from the […]
Read MoreStanding between the shoulders of two giants, Thailand has been one of the casualties of brewing trade tensions between China and the US, with tangible effects already manifesting through disappointing export performance. The clash of titans has escalated after the US’s third import tariff hike — from 10% to 25% on 5,745 Chinese goods worth US$200 […]
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